304 Redclover LnAllentownPA18104
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Allentown at 304 Redclover Ln, Allentown, PA, 18104 offers a 8.37% rental yield on a $489,900 purchase with $3,416/mo rent. Total monthly income registers $3,416/mo, and a $2,398/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,207/yr on $162,402 to close, and return on cash invested stands at 20.65% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 107.59% and total cumulative return in cash at $174,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,416/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2020
N/A lot
$N/A/sqft
$105 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 18104, Allentown, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,752 (100%) |
| Owner Occupied HU | 13,014 (65.9%) |
| Renter Occupied HU | 5,738 (29.1%) |
| Vacant Housing Units | 1,000 ( 5.1%) |
| Median Home Value | $383,839 |
| Average Home Value | $413,014 |
Housing Distribution
Address Breakdown
Residential
19,253
Single Family
16,764
Multi-Family
2,489
Businesses
1,144
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Listed by: Cliff M. Lewis • Coldwell Banker Hearthside
Mls Name: GLVR
Mls Provider:
Mls ID: #746378
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.